Abstract
This study aims to develop and test the effectiveness of a financial literacy storybook based on augmented reality (AR) as an executive function-building intervention for early-age children. Executive functions are the cognitive abilities underlying such tasks as focusing on long-term goals, delaying gratification and impulse self-control. The method is research and development using the ADDIE (analysis, design, development, implementation, and evaluation) model. This learning media produced a positive response among the users. Children perceive the story’s attractiveness was good, while the 3D images and activity in the storybook were very good. This study also measures the effectiveness of a storybook based on AR in improving the understanding of financial literacy using a pre and post-test design. The results show that knowledge of honesty, discipline and money management increased significantly. In addition, there is a marginally significant increase in the aspects of delay gratification, saving goals and responsibility.
Highlights
Indonesia has a low level of financial literacy at 38.03% (OJK, 2019)
This study aims to develop and test the effectiveness of a financial literacy storybook based on augmented reality (AR) as an executive function-building intervention for early-age children
This study aims to provide knowledge that supports the development of executive functions through creating financial literacy learning media based on augmented reality (AR) technology
Summary
Educational material for developing financial literacy is still scarce, especially for those in early childhood. This is unfortunate, because executive functions as a strategy to introduce literacy into early childhood, grow rapidly in children aged 3 to 5 years (Harvey & Miller 2017; McDermott et al, 2014; Moffitt et al, 2011; Purpura et al, 2017). The need to delay gratification and control one’s impulses has become the most ubiquitous priority in children’s education, Sari et al / Contemporary Educational Technology, 2022, 14(2), ep363 because success in many life tasks, including financial success, depends on children’s abilities to control themselves (Beisly et al, 2019; McClelland et al, 2013; Moffitt et al, 2011). This study aims to provide knowledge that supports the development of executive functions through creating financial literacy learning media based on augmented reality (AR) technology
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